Tidal Investments LLC Has $29.82 Million Stock Position in Liberty Broadband Corporation $LBRDK

Tidal Investments LLC raised its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 8.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 896,731 shares of the company’s stock after purchasing an additional 68,615 shares during the quarter. Tidal Investments LLC owned 0.62% of Liberty Broadband worth $29,825,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LBRDK. Integrated Wealth Concepts LLC lifted its position in shares of Liberty Broadband by 4.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock worth $348,000 after buying an additional 174 shares during the last quarter. Mariner LLC grew its position in Liberty Broadband by 3.4% in the third quarter. Mariner LLC now owns 6,958 shares of the company’s stock valued at $442,000 after acquiring an additional 226 shares during the last quarter. Fiduciary Alliance LLC raised its stake in Liberty Broadband by 3.9% during the first quarter. Fiduciary Alliance LLC now owns 6,211 shares of the company’s stock worth $319,000 after acquiring an additional 236 shares in the last quarter. Captrust Financial Advisors raised its stake in Liberty Broadband by 4.6% during the second quarter. Captrust Financial Advisors now owns 5,376 shares of the company’s stock worth $529,000 after acquiring an additional 237 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Liberty Broadband by 0.7% in the third quarter. Public Employees Retirement System of Ohio now owns 35,369 shares of the company’s stock worth $2,247,000 after acquiring an additional 239 shares during the last quarter. Institutional investors own 80.22% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Citigroup reduced their price target on shares of Liberty Broadband from $54.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Wall Street Zen cut shares of Liberty Broadband from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings downgraded shares of Liberty Broadband from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Liberty Broadband presently has an average rating of “Hold” and a consensus price target of $42.00.

Liberty Broadband Price Performance

LBRDK stock opened at $36.02 on Thursday. The company has a market capitalization of $5.17 billion, a P/E ratio of -5.15 and a beta of 0.64. The company has a fifty day moving average price of $33.93 and a 200-day moving average price of $39.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.09 and a current ratio of 0.09. Liberty Broadband Corporation has a 52-week low of $26.25 and a 52-week high of $65.72.

About Liberty Broadband

Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.

The company’s primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.